Madrid -
Spain's acting Economy Minister Luis de Guindos on Tuesday proposed hiking corporate taxes to avoid a fine from the European Commission for repeatedly failing to bring government deficits into line.

Brussels -
Eurozone finance ministers agreed Monday to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc.

Brussels -
Eurozone finance ministers reached a vital deal with Greece on Wednesday to start debt relief for Athens as demanded by the International Monetary Fund, and to unlock 10.3 billion euros ($12 billion) in bailout cash.

Brussels -
Greece and its EU-IMF creditors will reach a deal to release the next tranche of its 86-billion-euro bailout "in the coming days", said a senior EU official on Monday after talks in Brussels.

Atenas -
Eurozone finance ministers on Monday gave themselves until May 24 to reach a divisive deal on debt relief for Greece after lawmakers in Athens adopted tough reforms demanded as part of the country's bailout.

Brussels -
Eurozone finance ministers hold an emergency meeting on Monday to try to thrash out a difficult deal on fresh reforms for Greece as fears grow of a repeat of last year's chaotic bailout negotiations.

Paris -
Eurogroup chief Jeroen Dijsselbloem on Wednesday said the next Eurogroup meeting of eurozone finance ministers to discuss debt-crippled Greece could take place within the next two weeks."I don't have a deadline.

Frankfurt -
European Central Bank chief Mario Draghi hinted Thursday that eurozone interest rates, already at new all-time lows, would fall even lower in the future if area-wide inflation does not pick up soon.

Brussels -
European Commission chief Jean-Claude Juncker said Friday that a deal to reset Britain's relations with the EU does not include giving London a veto over eurozone issues."There will be no veto and the text makes that crystal clear," he said in Brussels.

Brussels -
The EU warned on Thursday that any suspension of the bloc's Schengen passport-free zone due to Europe's worst migrant crisis since World War II could disrupt the eurozone's sluggish recovery.

Frankfurt -
The European Central Bank is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting Thursday, but analysts warn the measures could fall short of market expectations.

Luxembourg -
The eurozone's bailout fund rescued Greece's largest bank on Tuesday, launching a recapitalisation process that is a crucial part of the country's third loan programme in five years.The European Stability Mechanism unlocked 2.72 billion euros ($2.

Frankfurt -
Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said, releasing the results of an in-depth financial health check.

Valletta -
The European Central Bank looks set to keep its key rates steady and refrain from any additional stimulus measures at a meeting in Malta on Thursday, despite concern about chronically weak inflation, analysts said.

New York -
Three recent crises — the Greek bailout, the surge of refugees and Russian intervention in Ukraine — have called into question the future of the European Union. All these crises involve boundaries – either building them up or tearing them down.

Frankfurt -
The European Central Bank's decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP.

Frankfurt -
Violent clashes between anti-capitalist activists and German police left dozens injured and a trail of destruction in Germany's financial capital as the European Central Bank opened its new headquarters on Wednesday.

Frankfurt -
The European Central Bank officially inaugurates its new 1.3-billion euro headquarters in Frankfurt on Wednesday, under tight security with more than 10,000 anti-austerity demonstrators planning a protest rally.

Berlin -
In what may be its best and last chance to stimulate growth and ward off deflation across the eurozone, the European Central Bank on Monday will launch its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing programme.

After approval of economic reform proposals submitted by Greece helped the FTSE 100 reach record-breaking levels yesterday, it has fallen back considerably throughout the course of today, with shares in some major companies dropping by nearly 10 percent.